Super quick ratio at the end of the year is 0.25x. Revenues are INR 120 Cr and the Gross Profit Margin of the Company is 25%. Assuming that Opening Stock = Closing Stock and Accounts Payable Turnover Ratio is 6x, please calculate the cash balance. Please note that Opening Accounts Payable = 1.25 times Closing Accounts Payable and there are no other liabilities in the balance sheet [Hint: Super Quick Ratio assumes only Cash in the Numerator]

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is